Tl;dr — The US dollar is not a Ponzi scheme. Dollars go into the US bank system when the Federal Reserve lends them out. They retain value because borrowers have to buy them back to repay the loan. Our Sweep protocol works the same way. Sweep has a call mechanism…

DeFi TVL has declined from $200B to $60B. That is about 6% of crypto market cap, and 0.06% of bank assets. DeFi is either irrelevant, or it has a lot of upside. This article looks at four ways it might go: Die: Not worth the risk of technical loss Die…

What happens when everyone wants their money back? — DeFi brings us new tools to handle a 400-year old problem. In a “financial panic” everyone wants their money back at the same time. Summary DeFi handles surges in money demand with three tools: Variable interest rates Flexible pricing. Not fighting too hard to hold a $1.00 redemption value Transparency, with…

Linking savers with a universe of loans and investments — Andy note 1/12/2023- We posted documentation and code for a Stabilizer implementation at docs.maxos.finance. US banks reported $279B in profits for 2021. They earned this money with “waterfalls” that convert unstable investments into stable deposits. In a waterfall, a banker agrees to absorb losses in exchange for taking any extra…

More will benefit from a system that is global and composable — Andy note on 1/12/2023- We posted documentation and code for an implementation at docs.maxos.finance. MakerDAO, Frax, Aave and Circle are converging to build the future of banking. This article will describe the emerging architecture. It is being driven by historically wide interest rate spreads. …

DeFi failed to improve life. We can do better in the next cycle — The world economy is short on food, fuel, and shelter. DeFi has done nothing to solve this problem. It has spewed ponzi token rewards. It has sucked money and top engineering talent from the real economy. We sucked talent and money out of the real economy without giving back. …

DeFi yields are boosted by “farming”. Farming is the practice of giving out protocol coins as a reward for using the protocol. Farming has proven to be an effective technique for generating demand. …

“Stablecoins soar in value as everything else in crypto shrinks,” writes Bloomberg. But on January 27, panic hit the expanding DeFi dollar market. During a two-month bear market, DeFi denizens sold crypto, and poured billions into dollar-denominated assets like “Magical Internet Money” (MIM) and “Anchor”. These synthetic dollars need backing…

Maxos is seeking an entrepreneur and product manager to lead the launch of a new DeFi protocol on Algorand, Ally. This is a remote job with a full time focus on delivering a product in March. The team at Maxos is supporting this launch with development and fundraising. The goal…